Walmart Inc. (NYSE:WMT) Shares Acquired by Coastline Trust Co

Coastline Trust Co boosted its position in Walmart Inc. (NYSE:WMT - Free Report) by 30.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,753 shares of the retailer's stock after acquiring an additional 13,091 shares during the quarter. Coastline Trust Co's holdings in Walmart were worth $4,895,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. LaFleur & Godfrey LLC boosted its position in Walmart by 1.4% during the 4th quarter. LaFleur & Godfrey LLC now owns 69,542 shares of the retailer's stock worth $6,283,000 after purchasing an additional 992 shares during the period. Eagle Capital Management LLC lifted its stake in shares of Walmart by 9.1% during the fourth quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock worth $349,000 after purchasing an additional 321 shares in the last quarter. Brighton Jones LLC boosted its position in shares of Walmart by 28.8% in the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock worth $8,868,000 after buying an additional 21,939 shares during the period. Revolve Wealth Partners LLC grew its stake in shares of Walmart by 5.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock valued at $800,000 after buying an additional 485 shares in the last quarter. Finally, Highview Capital Management LLC DE raised its holdings in shares of Walmart by 4.9% during the 4th quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer's stock valued at $3,338,000 after buying an additional 1,720 shares during the period. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Stock Performance

Shares of Walmart stock traded down $0.62 during trading hours on Wednesday, reaching $97.62. The company's stock had a trading volume of 12,498,048 shares, compared to its average volume of 18,042,948. Walmart Inc. has a one year low of $66.67 and a one year high of $105.30. The company's 50 day simple moving average is $96.97 and its 200 day simple moving average is $94.29. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The stock has a market cap of $779.05 billion, a P/E ratio of 41.72, a price-to-earnings-growth ratio of 4.77 and a beta of 0.68.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The firm had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same quarter in the prior year, the business earned $0.60 earnings per share. Walmart's quarterly revenue was up 2.5% on a year-over-year basis. As a group, analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were given a dividend of $0.235 per share. This represents a dividend yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart's payout ratio is 40.17%.

Analysts Set New Price Targets

WMT has been the subject of a number of analyst reports. Evercore ISI upped their price target on Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. The Goldman Sachs Group reissued a "buy" rating on shares of Walmart in a research report on Wednesday, March 26th. Truist Financial raised their price target on shares of Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a report on Friday, May 16th. Telsey Advisory Group reiterated an "outperform" rating and issued a $115.00 price objective on shares of Walmart in a report on Monday, June 9th. Finally, DA Davidson reissued a "buy" rating and issued a $117.00 price objective on shares of Walmart in a research report on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $106.67.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,148 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the completion of the transaction, the chief executive officer directly owned 4,451,199 shares in the company, valued at $429,896,799.42. This represents a 0.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $99.00, for a total value of $217,800.00. Following the completion of the sale, the executive vice president owned 630,518 shares in the company, valued at $62,421,282. The trade was a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 140,511 shares of company stock worth $13,493,751. 45.58% of the stock is owned by company insiders.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.